flexiblefullpage -
billboard - default
interstitial1 - interstitial
catfish1 - bottom
Currently Reading

6 must reads for the AEC industry today: October 1, 2020

Market Data

6 must reads for the AEC industry today: October 1, 2020

David Adjaye to receive 2021 Royal Gold Medal for Architecture and SOM reimagines the former Cook County Hospital.


By BD+C Editors | October 1, 2020


1. Sir David Adjaye OBE to receive 2021 Royal Gold Medal for Architecture (RIBA)
" The Royal Gold Medal is approved personally by Her Majesty The Queen and is given to a person or group of people who have had a significant influence 'either directly or indirectly on the advancement of architecture'."

2. SOM reimagines former Cook County Hospital into mixed-use destination (BD+C) 
"The reimagined building now includes a new hotel, a food hall, medical offices, and community spaces and is the first phase of a proposed $1 billion redevelopment plan for the area. The building also includes a museum space that will showcase the important role the hospital played for the city and in the field of medicine."

3. Thornton Tomasetti launches T2D2, AI solution company to detect, classify, and monitor deterioration of building envelopes and infrastructure (Thornton Tomasetti) 
"T2D2 founder and CEO Badri Hiriyur, Ph.D., director of CORE AI at Thornton Tomasetti, said the AI within T2D2 has been applied to identify visual anomalies and other signatures of deterioration on facades and structures. It analyzes digital images or videos taken by any type of camera (hand-held, fixed or drone-mounted) and can detect and identify conditions of deterioration."

4. U.S. Green Building Council, Green Business Certification Inc. expand resilience resources to support the green building industry (USGBC) 
"LEED and GBCI rating systems drive resilience-enhancing strategies to help businesses and governments mitigate climate risks."

5. RedBird Mall co-developer is ready to bring his vision to other languishing U.S. malls (Bisnow)
"The mall is slated to offer South Dallas a solid mix of office, healthcare, retail, entertainment and affordable housing product. The apartments on-site are about 60% complete and developers are grinding away on the underground infrastructure."

6. Millions are house-rich but cash-poor. Wall Street landlords are ready (WSJ)
"Hardships caused by the coronavirus pandemic are likely to force a lot of sales and create new renters."

 

Related Stories

Market Data | Aug 18, 2023

Construction soldiers on, despite rising materials and labor costs

Quarterly analyses from Skanska, Mortenson, and Gordian show nonresidential building still subject to materials and labor volatility, and regional disparities. 

Apartments | Aug 14, 2023

Yardi Matrix updates near-term multifamily supply forecast

The multifamily housing supply could increase by up to nearly 7% by the end of 2023, states the latest Multifamily Supply Forecast from Yardi Matrix.

Hotel Facilities | Aug 2, 2023

Top 5 markets for hotel construction

According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.

Market Data | Aug 1, 2023

Nonresidential construction spending increases slightly in June

National nonresidential construction spending increased 0.1% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Spending is up 18% over the past 12 months. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.07 trillion in June.

Hotel Facilities | Jul 27, 2023

U.S. hotel construction pipeline remains steady with 5,572 projects in the works

The hotel construction pipeline grew incrementally in Q2 2023 as developers and franchise companies push through short-term challenges while envisioning long-term prospects, according to Lodging Econometrics.

Hotel Facilities | Jul 26, 2023

Hospitality building construction costs for 2023

Data from Gordian breaks down the average cost per square foot for 15-story hotels, restaurants, fast food restaurants, and movie theaters across 10 U.S. cities: Boston, Chicago, Las Vegas, Los Angeles, Miami, New Orleans, New York, Phoenix, Seattle, and Washington, D.C.

Market Data | Jul 24, 2023

Leading economists call for 2% increase in building construction spending in 2024

Following a 19.7% surge in spending for commercial, institutional, and industrial buildings in 2023, leading construction industry economists expect spending growth to come back to earth in 2024, according to the July 2023 AIA Consensus Construction Forecast Panel. 

Contractors | Jul 13, 2023

Construction input prices remain unchanged in June, inflation slowing

Construction input prices remained unchanged in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices were also unchanged for the month.

Contractors | Jul 11, 2023

The average U.S. contractor has 8.9 months worth of construction work in the pipeline, as of June 2023

Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.9 months in June 2023, according to an ABC member survey conducted June 20 to July 5. The reading is unchanged from June 2022.

Market Data | Jul 5, 2023

Nonresidential construction spending decreased in May, its first drop in nearly a year

National nonresidential construction spending decreased 0.2% in May, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.06 trillion.

boombox1 - default
boombox2 -
native1 -

More In Category




AEC Tech

Lack of organizational readiness is biggest hurdle to artificial intelligence adoption

Managers of companies in the industrial sector, including construction, have bought the hype of artificial intelligence (AI) as a transformative technology, but their organizations are not ready to realize its promise, according to research from IFS, a global cloud enterprise software company. An IFS survey of 1,700 senior decision-makers found that 84% of executives anticipate massive organizational benefits from AI. 

halfpage1 -

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021